What is SWK Holdings's earnings per share (EPS)?

SWK Holdings (SWKHL) reported diluted earnings per share of $1.08 for fiscal year 2024. This represents a -13.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SWK Holdings Financials

SWKHL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows SWK Holdings (SWKHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 73/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

SWK Holdings has an operating margin of 25.8%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is down from 38.8% the prior year.

Growth

SWK Holdings's revenue surged 19.1% year-over-year to $45.0M, reflecting rapid business expansion. This strong growth earns a score of 65/100.

Leverage

100

SWK Holdings carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.64, SWK Holdings holds $3.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.

Cash Flow

100

SWK Holdings converts 50.9% of revenue into free cash flow ($22.9M). This strong cash generation earns a score of 100/100.

Returns

SWK Holdings generates a 4.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 5.7% the prior year.

Piotroski F-Score Neutral

6/9

SWK Holdings passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.71x

For every $1 of reported earnings, SWK Holdings generates $1.71 in operating cash flow ($23.0M OCF vs $13.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.5x

SWK Holdings earns $10.5 in operating income for every $1 of interest expense ($11.6M vs $1.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$45.0M

YoY+19.1%

5Y CAGR+7.9%

10Y CAGR+10.0%

SWK Holdings generated $45.0M in revenue in fiscal year 2024. This represents an increase of 19.1% from the prior year.

EBITDA

$13.0M

YoY-24.6%

10Y CAGR-0.8%

SWK Holdings's EBITDA was $13.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.6% from the prior year.

Net Income

$13.5M

YoY-15.1%

5Y CAGR-10.8%

10Y CAGR-4.2%

SWK Holdings reported $13.5M in net income in fiscal year 2024. This represents a decrease of 15.1% from the prior year.

EPS (Diluted)

$1.08

YoY-13.6%

5Y CAGR-10.2%

10Y CAGR-10.3%

SWK Holdings earned $1.08 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$22.9M

YoY+59.2%

5Y CAGR+4.4%

10Y CAGR+16.2%

SWK Holdings generated $22.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 59.2% from the prior year.

Cash & Debt

$5.9M

YoY+31.6%

5Y CAGR-11.9%

10Y CAGR-20.5%

SWK Holdings held $5.9M in cash against $33.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY-2.3%

5Y CAGR-1.1%

10Y CAGR-0.7%

SWK Holdings had 12M shares outstanding in fiscal year 2024. This represents a decrease of 2.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

25.8%

YoY-13.1pp

10Y CAGR-55.4pp

SWK Holdings's operating margin was 25.8% in fiscal year 2024, reflecting core business profitability. This is down 13.1 percentage points from the prior year.

Net Margin

30.0%

YoY-12.1pp

5Y CAGR-47.5pp

10Y CAGR-89.4pp

SWK Holdings's net profit margin was 30.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 12.1 percentage points from the prior year.

Return on Equity

4.7%

YoY-1.0pp

5Y CAGR-5.4pp

10Y CAGR-6.7pp

SWK Holdings's ROE was 4.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$2.2M

YoY-35.9%

5Y CAGR+13.4%

SWK Holdings invested $2.2M in research and development in fiscal year 2024. This represents a decrease of 35.9% from the prior year.

Share Buybacks

$6.0M

YoY-4.9%

5Y CAGR+46.8%

SWK Holdings spent $6.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 4.9% from the prior year.

Capital Expenditures

$138K

YoY-72.2%

5Y CAGR+23.5%

10Y CAGR+63.7%

SWK Holdings invested $138K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 72.2% from the prior year.

SWKHL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$45.0M+19.1%	$37.8M-9.0%	$41.5M-26.1%	$56.2M+53.0%	$36.7M+19.4%	$30.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$2.2M-35.9%	$3.4M-50.6%	$7.0M-5.4%	$7.3M+72.1%	$4.3M+262.9%	$1.2M
SG&A Expenses	$11.5M+2.3%	$11.2M-13.4%	$13.0M-4.8%	$13.6M+29.1%	$10.5M+41.9%	$7.4M
Operating Income	$11.6M-20.9%	$14.7M	N/A	N/A	N/A	N/A
Interest Expense	$1.1M-40.5%	$1.8M+443.8%	$340K-9.1%	$374K-17.8%	$455K+34.6%	$338K
Income Tax	$4.9M+483.4%	-$1.3M+68.2%	-$4.0M-156.5%	$7.1M+560.8%	-$1.5M+78.0%	-$7.0M
Net Income	$13.5M-15.1%	$15.9M+17.8%	$13.5M-48.0%	$25.9M+398.4%	$5.2M-78.2%	$23.8M
EPS (Diluted)	$1.08-13.6%	$1.25+19.0%	$1.05-48.0%	$2.02+405.0%	$0.40-78.4%	$1.85

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$10.9M+8.3%	$10.1M-15.0%	$11.8M-4.3%	$12.4M+18.7%	$10.4M-4.0%	$10.8M-4.5%	$11.4M+14.9%	$9.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$147K-77.2%	$645K-14.9%	$758K+33.5%	$568K-2.9%	$585K+12.5%	$520K-1.9%	$530K-12.0%	$602K
SG&A Expenses	$3.3M+15.6%	$2.8M-13.2%	$3.3M+13.4%	$2.9M-3.4%	$3.0M+2.5%	$2.9M+8.8%	$2.7M-1.2%	$2.7M
Operating Income	$6.7M+44.2%	$4.6M-42.9%	$8.1M+46.9%	$5.5M+35.3%	$4.1M+353.1%	$901K-16.5%	$1.1M	N/A
Interest Expense	$1.2M+2.1%	$1.2M+477.5%	$200K+113.6%	-$1.5M-837.5%	$200K-82.1%	$1.1M-10.9%	$1.3M+11.3%	$1.1M
Income Tax	$1.9M+86.7%	$1.0M-19.7%	$1.3M-52.9%	$2.7M+199.6%	$906K-12.5%	$1.0M+352.0%	$229K+110.3%	-$2.2M
Net Income	$8.8M+148.3%	$3.5M-22.1%	$4.5M-22.7%	$5.9M+69.3%	$3.5M-5.8%	$3.7M+686.3%	$468K-83.5%	$2.8M
EPS (Diluted)	$0.72+148.3%	$0.29-21.6%	$0.37	N/A	$0.28-6.7%	$0.30+650.0%	$0.04	N/A

SWKHL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$332.2M-0.6%	$334.3M+11.6%	$299.6M+6.0%	$282.7M+3.2%	$273.9M+7.7%	$254.4M
Current Assets	$20.3M+70.6%	$11.9M+14.5%	$10.4M-78.1%	$47.4M+610.9%	$6.7M-59.1%	$16.3M
Cash & Equivalents	$5.9M+31.6%	$4.5M-26.9%	$6.2M-85.6%	$42.9M+1325.0%	$3.0M-73.0%	$11.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.8M+22.4%	$4.7M+52.8%	$3.1M+71.6%	$1.8M-5.7%	$1.9M-25.2%	$2.6M
Goodwill	N/A	N/A	$8.4M0.0%	$8.4M0.0%	$8.4M0.0%	$8.4M
Total Liabilities	$43.5M-19.3%	$53.9M+173.9%	$19.7M+27.6%	$15.4M-53.8%	$33.4M+87.2%	$17.8M
Current Liabilities	$5.6M+41.1%	$3.9M-37.9%	$6.3M+24.6%	$5.1M-66.9%	$15.4M+403.4%	$3.1M
Long-Term Debt	$33.0M0.0%	$33.0M	N/A	N/A	N/A	N/A
Total Equity	$288.7M+3.0%	$280.3M+0.1%	$279.9M+4.7%	$267.2M+11.1%	$240.5M+1.7%	$236.5M
Retained Earnings	-$4.1B+0.3%	-$4.1B+0.1%	-$4.2B+0.3%	-$4.2B+0.6%	-$4.2B+0.1%	-$4.2B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$289.4M+1.3%	$285.7M-13.8%	$331.3M-0.3%	$332.2M+3.4%	$321.3M+0.1%	$321.0M-0.3%	$322.0M-3.7%	$334.3M
Current Assets	$16.3M-22.9%	$21.2M-72.1%	$75.9M+274.9%	$20.3M-19.7%	$25.2M+70.4%	$14.8M+6.1%	$13.9M+17.4%	$11.9M
Cash & Equivalents	$10.2M+27.5%	$8.0M-73.1%	$29.8M+402.9%	$5.9M-65.5%	$17.2M+209.6%	$5.5M+0.9%	$5.5M+22.1%	$4.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.6M-0.5%	$5.6M+20.0%	$4.7M-19.2%	$5.8M-9.8%	$6.4M-13.1%	$7.4M+16.2%	$6.4M+34.3%	$4.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$35.2M-10.4%	$39.2M+1.6%	$38.6M-11.4%	$43.5M+15.1%	$37.8M-0.8%	$38.2M-9.3%	$42.1M-22.0%	$53.9M
Current Liabilities	$2.9M-57.0%	$6.7M-0.6%	$6.7M+20.7%	$5.6M+11.7%	$5.0M-9.8%	$5.5M+26.3%	$4.4M+11.0%	$3.9M
Long-Term Debt	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M
Total Equity	$254.2M+3.1%	$246.5M-15.8%	$292.7M+1.4%	$288.7M+1.9%	$283.4M+0.2%	$282.8M+1.0%	$279.9M-0.1%	$280.3M
Retained Earnings	-$4.2B+0.2%	-$4.2B-1.1%	-$4.1B+0.1%	-$4.1B+0.1%	-$4.1B+0.1%	-$4.1B+0.1%	-$4.1B0.0%	-$4.1B

SWKHL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$23.0M+54.8%	$14.9M+81.5%	$8.2M-76.1%	$34.3M+78.0%	$19.3M+3.9%	$18.5M
Capital Expenditures	$138K-72.2%	$496K+67.0%	$297K-72.4%	$1.1M-72.6%	$3.9M+8102.1%	$48K
Free Cash Flow	$22.9M+59.2%	$14.4M+82.1%	$7.9M-76.2%	$33.2M+116.7%	$15.3M-17.1%	$18.5M
Investing Cash Flow	-$10.1M+79.3%	-$48.9M-12.4%	-$43.5M-269.0%	$25.8M+173.3%	-$35.2M-31.6%	-$26.7M
Financing Cash Flow	-$12.2M-136.9%	$33.1M+2535.0%	-$1.4M+93.3%	-$20.2M-360.7%	$7.7M+977.5%	-$883K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.0M-4.9%	$6.3M+456.0%	$1.1M	N/A	$2.0M+127.6%	$883K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$906K-88.4%	$7.8M-5.8%	$8.3M+20.2%	$6.9M+9.1%	$6.3M+16.7%	$5.4M+22.2%	$4.4M-22.3%	$5.7M
Capital Expenditures	$349K+454.0%	$63K-37.0%	$100K+13.6%	$88K+203.4%	$29K+38.1%	$21K	$0-100.0%	$197K
Free Cash Flow	$557K-92.8%	$7.7M-5.4%	$8.2M+20.3%	$6.8M+8.2%	$6.3M+16.6%	$5.4M+21.7%	$4.4M-19.5%	$5.5M
Investing Cash Flow	$3.0M-85.3%	$20.1M-11.3%	$22.7M+196.5%	-$23.5M-374.3%	$8.6M+296.4%	-$4.4M-147.6%	$9.2M+117.5%	-$52.5M
Financing Cash Flow	-$1.7M+96.7%	-$49.7M-600.6%	-$7.1M-231.9%	$5.4M+264.9%	-$3.3M-228.5%	-$994K+92.6%	-$13.3M-163.5%	$21.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.3M+52.9%	$870K+0.3%	$867K+2.1%	$849K-73.6%	$3.2M+238.1%	$951K-4.8%	$999K+326.9%	$234K

SWKHL Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	25.8%-13.1pp	38.8%	N/A	N/A	N/A	N/A
Net Margin	30.0%-12.1pp	42.1%+9.6pp	32.5%-13.7pp	46.2%+32.0pp	14.2%-63.3pp	77.5%
Return on Equity	4.7%-1.0pp	5.7%+0.9pp	4.8%-4.9pp	9.7%+7.5pp	2.2%-7.9pp	10.1%
Return on Assets	4.1%-0.7pp	4.8%+0.3pp	4.5%-4.7pp	9.2%+7.3pp	1.9%-7.5pp	9.4%
Current Ratio	3.64+0.6	3.01+1.4	1.63-7.7	9.31+8.9	0.43-4.9	5.32
Debt-to-Equity	0.110.0	0.12+0.0	0.07+0.0	0.06-0.1	0.14+0.1	0.08
FCF Margin	50.9%+12.8pp	38.1%+19.1pp	19.1%-40.1pp	59.2%+17.4pp	41.8%-18.4pp	60.1%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	61.4%+15.3pp	46.1%-22.5pp	68.6%+23.9pp	44.7%+5.5pp	39.2%+30.9pp	8.3%-1.2pp	9.5%	N/A
Net Margin	80.7%+45.5pp	35.2%-3.2pp	38.4%-9.1pp	47.5%+14.2pp	33.3%-0.6pp	33.9%+29.8pp	4.1%-24.6pp	28.8%
Return on Equity	3.5%+2.0pp	1.4%-0.1pp	1.6%-0.5pp	2.0%+0.8pp	1.2%-0.1pp	1.3%+1.1pp	0.2%-0.8pp	1.0%
Return on Assets	3.0%+1.8pp	1.2%-0.1pp	1.4%-0.4pp	1.8%+0.7pp	1.1%-0.1pp	1.1%+1.0pp	0.1%-0.7pp	0.9%
Current Ratio	5.68+2.5	3.17-8.1	11.30+7.7	3.64-1.4	5.06+2.4	2.68-0.5	3.18+0.2	3.01
Debt-to-Equity	0.130.0	0.13+0.0	0.110.0	0.110.0	0.120.0	0.120.0	0.120.0	0.12
FCF Margin	5.1%-71.9pp	77.0%+7.9pp	69.1%+14.1pp	55.0%-5.3pp	60.4%+10.7pp	49.7%+10.7pp	39.0%-16.6pp	55.6%

Frequently Asked Questions

What is SWK Holdings's annual revenue?

SWK Holdings (SWKHL) reported $45.0M in total revenue for fiscal year 2024. This represents a 19.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SWK Holdings's revenue growing?

SWK Holdings (SWKHL) revenue grew by 19.1% year-over-year, from $37.8M to $45.0M in fiscal year 2024.

Is SWK Holdings profitable?

Yes, SWK Holdings (SWKHL) reported a net income of $13.5M in fiscal year 2024, with a net profit margin of 30.0%.

What is SWK Holdings's EBITDA?

SWK Holdings (SWKHL) had EBITDA of $13.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SWK Holdings have?

As of fiscal year 2024, SWK Holdings (SWKHL) had $5.9M in cash and equivalents against $33.0M in long-term debt.

What is SWK Holdings's operating margin?

SWK Holdings (SWKHL) had an operating margin of 25.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is SWK Holdings's net profit margin?

SWK Holdings (SWKHL) had a net profit margin of 30.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is SWK Holdings's return on equity (ROE)?

SWK Holdings (SWKHL) has a return on equity of 4.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is SWK Holdings's free cash flow?

SWK Holdings (SWKHL) generated $22.9M in free cash flow during fiscal year 2024. This represents a 59.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SWK Holdings's operating cash flow?

SWK Holdings (SWKHL) generated $23.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are SWK Holdings's total assets?

SWK Holdings (SWKHL) had $332.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are SWK Holdings's capital expenditures?

SWK Holdings (SWKHL) invested $138K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does SWK Holdings spend on research and development?

SWK Holdings (SWKHL) invested $2.2M in research and development during fiscal year 2024.

Does SWK Holdings buy back shares?

Yes, SWK Holdings (SWKHL) spent $6.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does SWK Holdings have outstanding?

SWK Holdings (SWKHL) had 12M shares outstanding as of fiscal year 2024.

What is SWK Holdings's current ratio?

SWK Holdings (SWKHL) had a current ratio of 3.64 as of fiscal year 2024, which is generally considered healthy.

What is SWK Holdings's debt-to-equity ratio?

SWK Holdings (SWKHL) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SWK Holdings's return on assets (ROA)?

SWK Holdings (SWKHL) had a return on assets of 4.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is SWK Holdings's Piotroski F-Score?

SWK Holdings (SWKHL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SWK Holdings's earnings high quality?

SWK Holdings (SWKHL) has an earnings quality ratio of 1.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can SWK Holdings cover its interest payments?

SWK Holdings (SWKHL) has an interest coverage ratio of 10.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is SWK Holdings?

SWK Holdings (SWKHL) scores 73 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.